I believe that when you cannot decide on market movements, at the stop loss point, money that chooses or risks losing will disappear and you will lose that trade and you will also lose your capital. then use stop loss but it helps a lot for beginners it covers a big risk. so it's better to study and then trade because it helps. and I beg to differ in stop loss. But I think pacing stop loss is a matter of your trading style. I know many successful forex traders who have gone through the style of placing a stop loss and then decide according to their trading stlye what is better for them. They trade without stop loss because they mainly trade big time frames and have decided that making losses is also part of trading as long as your losses are very little while your profits are much bigger and bigger. Some experienced brokers also trade without stop loss and still succeed. so basically people can't say it's wrong but it depends on the individual trading system.